Diamond Resorts International formerly sunterra resorts. This is the Timeshare Company Financial Sinkhole. That's the best way to describe Diamond Resorts. Las Vegas, Nevada
Diamond Resorts continually raise maintenance fees. They also assess random upgrade fees and timeshare owners have very little representation.
For example we were just assessed a Water Assessment fee of $2900 in addition to our yearly maintenance fees. Yearly maintenance fees for our Poipu Hawaii Property runs over $1350 in addition to the $279 yearly diamond resorts fees. How could anyone say this is a bargain or value vacation when yearly fees to stay at a resort are over $2500/year averaged over the next 5 years. This is an extreme misrepresentation from what they promise in their time share presentation during which time we purchased into Diamond Resorts.
I suspect that there are many other owners in my situation who are utterly frustrated and disgusted at Diamond Resorts underhanded policies. Is there a class action lawsuit in the works anywhere? Please let me know.